I do feel bad for them having lost their jobs. It is pretty much an epidemic these days. Hubby lost his job several years ago after 41 years with the same company. Never saw that coming, but one thing we know for sure nobody who works for a company of any kind is safe from the axe.
That made him pretty bitter, but it also made us realize all the more how much we prefer working for ourselves ( I have been self-employed for decades and he never quite got why I liked it so much despite long hours - he does now).
It is hard going and having no benefits, along with aging and having occasional health issues can be a real killer but at least we get to decide who we work for and how long we work. It definitely beats being loyal to a company only to be out on your ear at retirement time.